14.05.2015 - Fed Bailouts, Goldman Commodities Business Targeted in Bill

Senators Elizabeth Warren and David Vitter introduced legislation to limit the Federal Reserve’s emergency-lending powers, adding impetus to congressional efforts to rein in the central bank. The Bailout Prevention Act seeks to ensure that the Fed lends only to banks that are solvent and charges a “penalty” interest rate, according to a statement Wednesday from Warren, a Democrat, and Vitter, a Republican...........................................Full Article: Source

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